Public sector lender, Bank of Baroda has signed memorandum of understanding (MoU) with Finolex Plasson Industries. With this initiative, the bank aims to provide easy finance to the small farmers including agricultural loans and business loans to further improve their agricultural produce.

2017-09-15 :Bank of Baroda to offer small business loans to Amazon sellers

Bank of Baroda has tied up with Amazon for micro lending to Amazon sellers. Under the arrangement, the bank will offer loans to its MSMEs starting from Rs. 1 lakh to Rs. 25 lakh. The loans will carry an interest rate of 10.45 to 11.5 per cent annually and will be sanctioned in a span of 3 to 5 days.

Bank of Baroda home loan advantage offer allows customers to sync their home loan deposits with a separate saving bank account linked to the home loan. Under this offering, the borrower is eligible to utilize the overdraft facility and may enjoy lesser home loan interest burden for their savings account deposit.

In a bid to clean up its bank book, Bank of Baroda has put its commercial and residential properties across India on the block. With the selling of these properties, the bank aims to recover its non-performing assets and to improve its loan portfolio. Simultaneously, the bank aims to strengthen its home loan segment by devising out new strategies and offers for its home loan customers.

2017-09-06 :Bank of Baroda plans to scale up its car loan lending

Public sector lender, Bank of Baroda (BoB) is planning to scale up car loan lending, while some of the lenders including State Bank of India (SBI) and Axis Bank has already stopped car loans to the cab aggregators. As per the bank’s available data, the bank has financed more than 500 cars for Uber drivers in FY18 and is in the process to finance more.

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